Ready to Jump After Recent Trade: Houston American Energy Corp. (HUSA)

Houston American Energy Corp. (AMEX: HUSA) stock jumped 10.90% on Wednesday to $3.56 against a previous-day closing price of $3.21. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $3.6300 whereas the lowest price it dropped to was $3.2600. The 52-week range on HUSA shows that it touched its highest point at $16.61 and its lowest point at $1.07 during that stretch. Beta for the stock currently stands at 0.63.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HUSA was down-trending over the past week, with a drop of -8.72%, but this was down by -28.23% over a month. Three-month performance dropped to -27.35% while six-month performance fell -28.80%. The stock gained 58.22% in the past year, while it has gained 148.95% so far this year.

Float and Shares Shorts:

At present, 9.92 million HUSA shares are outstanding with a float of 8.84 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.04 million, which was 10.50% higher than short shares on Jun 14, 2022.


Institutional Ownership:

Through their ownership of 10.32% of HUSA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.22% of HUSA, in contrast to 23.68% held by mutual funds. Shares owned by individuals account for 13.89%. As the largest shareholder in HUSA with 4.02% of the stake, BlackRock Fund Advisors holds 399,275 shares worth 399,275. A second-largest stockholder of HUSA, The Vanguard Group, Inc., holds 364,117 shares, controlling over 3.67% of the firm’s shares. Group One Trading LP is the third largest shareholder in HUSA, holding 180,623 shares or 1.82% stake. With a 1.39% stake in HUSA, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 137,617 shares are owned by the mutual fund manager. The Bridgeway Ultra Small Company Mar, which owns about 0.69% of HUSA stock, is the second-largest Mutual Fund holder. It holds 68,000 shares valued at 0.3 million. DFA US Small Cap Portfolio holds 0.48% of the stake in HUSA, owning 47,981 shares worth 0.21 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUSA since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HUSA analysts setting a high price target of $137.50 and a low target of $137.50, the average target price over the next 12 months is $137.50. Based on these targets, HUSA could surge 3762.36% to reach the target high and rise by 3762.36% to reach the target low. Reaching the average price target will result in a growth of 3762.36% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HUSA will report FY 2012 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$6.88 being high and -$6.88 being low. For HUSA, this leads to a yearly average estimate of -$6.88. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.25.

Summary of Insider Activity:

Insiders traded HUSA stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 15,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 30,000 while 1,252,500 shares were sold.

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